BSEPriya Ltd-$HighNeutral
Announced Fri, 10 Oct · 17:24 IST

As per attached

Adverse OpinionGoing ConcernEmphasis Of MatterPat NegativeRevenue DeclineNegative Operating CashflowResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Priya Limited's board approved unaudited financial results for Q2 FY26 (quarter ended 30 September 2025), reporting near-zero revenue from operations (Rs. 0.02 lakhs) and a net loss of Rs. 94.56 lakhs for the quarter, taking the half-year loss to Rs. 188.33 lakhs. The company's negative net worth has widened to Rs. (5,084.67) lakhs against borrowings of Rs. 2,616.76 lakhs, and operating cash flow remains negative at Rs. (7.52) lakhs. The statutory auditor, JM & Associates, issued an Adverse Opinion citing the company's NPA status since 2018, closure of all branches except Mumbai, classification as a willful defaulter by Bank of Maharashtra and Union Bank, auction of properties in Mumbai/Kolkata/Chennai, pending one-time settlement of Rs. 22.81 crore (only Rs. 1.75 crore deposited), vacant CFO post since November 2022, related-party rent not at arm's length, and two related parties (VXL Instruments and VXL Software Solutions) entering CIRP. The board also approved a shift of the registered office within Mumbai.

Likely market impact

This is a deeply distressed company – operations are essentially shut, equity is fully eroded, and the auditor has flagged multiple going-concern and compliance risks, including willful defaulter status. Existing shareholders face near-total wipeout risk; the stock is highly speculative and any investment should be treated with extreme caution.